user nl
Well-known member
Amazing to see how much capex Google intends to spend in 2026. If we assume Google's revenue growth in 2026 will be equal to Q4-2025 (18%) is has surpassed TSMC capital spend ratio:
Here the overview since 2020. TSMC seems rather modest in capex!
However, Google depreciates some 40% of capex over very long times, as the CFO states:
Anat Ashkenazi
CFO
The question with regards to the CapEx and the kind of what makes up the total that we've announced for this year and last year, approximately 60% of our investment in 2025, and it's gonna be fairly similar in 2026, went towards machines, so the servers, and then 40% is what you refer to as long-duration assets, which is our data centers and networking equipment. And I think you're probably referring to the depreciation delta between them. Those long-term duration asset depreciate over, you know, the building could be 40 years or longer. Other components may be maybe less than that.
Here the overview since 2020. TSMC seems rather modest in capex!
However, Google depreciates some 40% of capex over very long times, as the CFO states:
Anat Ashkenazi
CFO
The question with regards to the CapEx and the kind of what makes up the total that we've announced for this year and last year, approximately 60% of our investment in 2025, and it's gonna be fairly similar in 2026, went towards machines, so the servers, and then 40% is what you refer to as long-duration assets, which is our data centers and networking equipment. And I think you're probably referring to the depreciation delta between them. Those long-term duration asset depreciate over, you know, the building could be 40 years or longer. Other components may be maybe less than that.
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